Assurant Foundation
Assurant Foundation shows strong asset base and zero executive compensation amidst fluctuating revenues.
EIN: 133156497 · Atlanta, GA · Updated: 2026-03-28
Is Assurant Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Assurant Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Assurant Foundation
Assurant Foundation (EIN: 133156497) is a nonprofit organization based in Atlanta, GA. The organization reported total revenue of $8.6M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Assurant Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Assurant Foundation is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$5.5M |
| Total Assets | $8.1M |
| Total Liabilities | $2.3M |
| Net Assets | $5.8M |
| Operating Margin | 59.9% |
| Debt-to-Asset Ratio | 28.0% |
| Months of Reserves | 26.4 months |
Financial Health Grade: A
In 2023, Assurant Foundation reported a surplus of $5.5M with revenue exceeding expenses, holds 26.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.0% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Assurant Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +218.2% | -11.3% | +243.2% |
| 2022 | +7933.7% | -18.4% | -41.0% |
| 2021 | -99.6% | -9.0% | -55.4% |
| 2020 | +647.4% | +21.3% | -8.5% |
| 2019 | -70.6% | +97.1% | -27.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Assurant Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Assurant Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization of its size with assets often exceeding $8 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Assurant Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $35,945 in 2021 vs. $9,188,116 in 2023) could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Assurant Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds.
- Strong asset base consistently exceeding liabilities, demonstrating financial stability.
- Regular IRS 990 filings over a decade, showing commitment to transparency.
- Significant revenue generation in recent years (e.g., $9,188,116 in 2023) allows for substantial program support.
Frequently Asked Questions about Assurant Foundation
Is Assurant Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Assurant Foundation (EIN: 133156497) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Assurant Foundation spend its money?
Assurant Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Assurant Foundation tax-deductible?
Assurant Foundation is registered as a tax-exempt nonprofit (EIN: 133156497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Assurant Foundation a good charity?
Based on the available data, Assurant Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not diverted to executive salaries. Its program spending is likely very high given this fact, and it maintains a healthy asset base. The fluctuation in revenue suggests it might be heavily reliant on corporate contributions, which is common for corporate foundations.
How does Assurant Foundation manage its expenses relative to its revenue?
The foundation's expenses have varied significantly relative to revenue. For example, in 2021, revenue was only $35,945 while expenses were $5,083,953, indicating it drew heavily from its assets or prior year surpluses. Conversely, in 2023, revenue of $9,188,116 significantly outpaced expenses of $3,683,854, allowing for asset growth. This suggests a strategic approach to spending, potentially utilizing accumulated funds during lean revenue years.
What is the trend in Assurant Foundation's assets and liabilities?
Assurant Foundation generally maintains a strong asset base, with assets consistently in the millions, peaking at $13,476,518 in 2015. Liabilities have remained relatively low compared to assets, though there was an increase to $2,263,897 in 2023, which is still well-covered by assets of $8,089,617. This indicates sound financial management and solvency.
Filing History
IRS 990 filing history for Assurant Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Assurant Foundation's revenue has grown by 83.5%, moving from $5.0M to $9.2M. Total assets decreased by 15.7% over the same period, from $9.6M to $8.1M. Total functional expenses rose by 681.6%, from $471K to $3.7M. In its most recent filing year (2023), Assurant Foundation reported a surplus of $5.5M, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $8.1M in assets (debt-to-asset ratio: 28.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $3.7M | $8.1M | $2.3M | — | — |
| 2022 | $2.9M | $4.2M | $2.4M | $1.6M | — | View 990 |
| 2021 | $36K | $5.1M | $4.0M | $1.1M | — | View 990 |
| 2020 | $8.9M | $5.6M | $9.0M | $388K | — | View 990 |
| 2019 | $1.2M | $4.6M | $9.8M | $359K | — | View 990 |
| 2015 | $4.1M | $2.3M | $13.5M | $43K | — | View 990 |
| 2014 | $3.7M | $3.3M | $11.8M | $5K | — | View 990 |
| 2013 | $4.5M | $3.2M | $11.0M | $40K | — | View 990 |
| 2012 | $1.8M | $3.1M | $9.6M | $2K | — | View 990 |
| 2011 | $5.0M | $471K | $9.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $3.7M, and assets of $8.1M (revenue +218.2% year-over-year).
- 2022: Revenue of $2.9M, expenses of $4.2M, and assets of $2.4M (revenue +7933.7% year-over-year).
- 2021: Revenue of $36K, expenses of $5.1M, and assets of $4.0M (revenue -99.6% year-over-year).
- 2020: Revenue of $8.9M, expenses of $5.6M, and assets of $9.0M (revenue +647.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $4.6M, and assets of $9.8M (revenue -70.6% year-over-year).
- 2015: Revenue of $4.1M, expenses of $2.3M, and assets of $13.5M (revenue +10.2% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.3M, and assets of $11.8M (revenue -18.4% year-over-year).
- 2013: Revenue of $4.5M, expenses of $3.2M, and assets of $11.0M (revenue +150.0% year-over-year).
- 2012: Revenue of $1.8M, expenses of $3.1M, and assets of $9.6M (revenue -64.0% year-over-year).
- 2011: Revenue of $5.0M, expenses of $471K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Assurant Foundation:
Data Sources and Methodology
This transparency report for Assurant Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.